Contract Unit
|
1,000 metric tons |
Price Quotation
|
U.S. dollars and cents per metric ton |
Trading Hours
|
Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET) |
Minimum Price Fluctuation
|
0.001 per metric ton = $1.00
|
Product Code
|
CME Globex: R5BCME ClearPort: R5BClearing: R5B
|
Listed Contracts
|
Monthly BALMO contracts listed for 3 consecutive months. BALMO contracts which would have a start date within the final 5 business days of a contract month are not listed.
|
Settlement Method
|
Financially Settled |
Floating Price
|
The Floating Price for each contract month is equal to the balance of month arithmetic average of the $/mt quotations from Platts European Marketscan for "Marine Fuel 0.5% Barge" under the heading "Barges FOB Rotterdam" assessment starting from the selected start date through the end of the contract month, inclusive. |
Termination Of Trading
|
Trading terminates on the last business day of the contract month.
|
Position Limits
|
NYMEX Position Limits |
Exchange Rulebook
|
NYMEX 1404 |
Block Minimum
|
Block Minimum Thresholds |
Vendor Codes
|
Quote Vendor Symbols Listing |